Category Archives: CNN – Business

TSA tops 1 million passenger screenings for the first time since March

TSA tops 1 million passenger screenings for the first time since March

Air travel appears to be on the rise after facing challenges from the coronavirus pandemic. More than 1 million passengers were screened by the Transportation Security Administration on Sunday, according to the agency. Airport screenings reached a total of 1.03 million people, the most since March 16. But that’s still down from the same day…MORE

Biden could benefit from the exodus to suburbs

Biden could benefit from the exodus to suburbs

The US housing market has remained red-hot this year during the pandemic as some flee expensive coastal cities for the suburbs. And experts say there could be election consequences. These urban-dwellers likely aren’t trying to make a political statement: They’re simply looking for more space and cheaper prices. But if more Democrat-leaning voters are suddenly…MORE

The rich really are different: They’re buying more jewelry during Covid

The rich really are different: They’re buying more jewelry during Covid

Here’s the latest sign of economic divide between the haves and have-nots in the pandemic: Rich people are buying more high-end jewelry like diamond rings and gold necklaces. According to Edahn Golan, founder of Edahn Golan Diamond Research & Data, purchases of fine jewelry in the US recovered from the early months of the pandemic…MORE

Stocks sink on dashed hopes for stimulus

Stocks sink on dashed hopes for stimulus

Wall Street was on a wild ride Monday, with the Dow swinging wildly between highs and lows. Stocks opened moderately higher on hopes that a stimulus deal might still get done ahead of the election, as well as buoyant economic news out of China. But it wasn’t meant to last. With less than an hour…MORE

America’s jobs market is in crisis — no matter who wins the election

America’s jobs market is in crisis — no matter who wins the election

The election is only 15 days away. But no matter who wins the US presidential contest in November, one of the most pressing problems for the administration to solve will be America’s broken jobs market. “The harsh reality is that whoever the president is on January 20 has his work cut out for him,” said…MORE

Business leaders should speak up for democracy, LinkedIn co-founder urges

Business leaders should speak up for democracy, LinkedIn co-founder urges

LinkedIn co-founder Reid Hoffman wants his fellow business leaders to unite around one thing — the need for a calm election in which every vote is counted. “Business leaders need to speak up and they need to speak up on the democratic process,” Hoffman told CNN’s Julia Chatterley Monday. He urged his corporate counterparts to…MORE

CVS is filling thousands of pharmacy jobs to battle coronavirus

CVS is filling thousands of pharmacy jobs to battle coronavirus

CVS Health is hiring 15,000 more employees in addition to the 50,000 previously hired as it braces for an onslaught of more Covid-19 and flu cases. The chain said Monday that more than 10,000 of the positions will be a mix of full-time and part-time positions for licensed pharmacy technicians. In addition to their normal…MORE

The oil industry is in crisis. ConocoPhillips is doubling down

The oil industry is in crisis. ConocoPhillips is doubling down

Despite the gloom-and-doom in the oil industry and the specter of a blue wave in Washington, ConocoPhillips is doubling down on crude by making a major acquisition. Conoco on Monday announced a $9.7 billion all-stock takeover of Concho Resources, a fracker squarely focused on the Permian Basin, the massive West Texas oilfield at the heart…MORE

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